Townsquare Media amends exec employment agreements; CEO base salary $1.45M, sign-on bonus $1.45M

Townsquare Media, Inc.

CEO Bill Wilson: base salary $1,450,000, target annual bonus 100% of base, plus $1,450,000 sign-on bonus subject to clawback.
CFO Stuart Rosenstein: base $850,000, target bonus 80%; COO Erik Hellum: base $700,000, target 85.7%, retroactive to Jan 1, 2022.
Five-year initial term, automatic renewal; severance without Cause/Good Reason: CEO 1.5x base+target, CFO/COO 1x, plus COBRA and 50% equity vesting.
In Change in Control termination: CEO severance 2.5x, CFO/COO 2x, 100% equity vesting, and 24-month COBRA.
Non-competition and non-solicitation covenants apply during employment and for 24 months post-termination.

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